8405 Pulsar PlColumbus, OH 43240

Property Details for 8405 Pulsar Pl

Year built

1996

Lot size

3.79 AC

Property size (Sq ft)

50,514 SF

Property type

Office properties

Property subtype

Office buildings

APN

318-443-02-009-001

APU

31844302009001

Description

Exceptional investment opportunity: The Polaris Office Building at 8405 Pulsar Pl, Columbus, OH, presents a unique chance to acquire a 50,050 square foot Class B creative office building. This two-story building, constructed in 1997, sits on a 3.79-acre lot in the desirable Polaris area, boasting high visibility and accessibility. The property features 40,000 square feet of net rentable space, currently at 40% occupancy. The asking price is $4,900,000, translating to $97.90 per square foot. Ample parking is provided with 237 spaces (4.7 spaces per 1,000 sq ft). The building benefits from recent upgrades including renovated elevators, keycard access, and exterior cameras. A covered outdoor patio adds to its appeal. The location is strategically positioned 1,200 feet from the I-71 and Polaris Parkway Interchange, experiencing a daily traffic count of 47,693 vehicles. Surrounding amenities include Polaris Fashion Place mall, hotels, and restaurants. The property is zoned LC4 and has a strong tenant leasing the west half of the first floor for three more years with three five-year options. The seller is open to owner financing and a leaseback of the west half of the second floor for up to two years. This property is ideal for a variety of uses, including an event center or charter school. The seller will consider real estate as a down payment and, with lender permission, a wrap-around mortgage.

• CAP approach

  CAP return

  Valuation

  6%

  $9,514,345

  6.5%

  $8,782,472

  7%

  $8,155,152

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,725,080

  Geo Method

  $4,725,080

• Alternative Use

  Use

  Valuation

  Residential

  $10,890,265

  Hospitality

  $9,975,425

  Educational

  $8,299,436

  Medical

  $8,584,866

  Retail

  $12,910,234

Location Insight

City

Columbus

County

Delaware

State

Ohio

Latitude

40.14

Longitude

-82.9661

CBSA code

18140

CBSA name

COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].